Cross-border remittance startup OpenFX completes $94 million funding round, led by Pantera and others

MeNews · 2026-04-02T10:49:10+00:00

Foreign exchange startup OpenFX completes $94 million funding round, with a valuation of approximately $500 million. The company leverages stablecoins to connect banks and blockchain, offering low-cost cross-border settlement services, and plans to expand into Southeast Asia and Latin America markets.

MeNews

2026-04-02 10:49:10

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ME News announcement, March 31 (UTC+8): Cross-border remittance and FX market-making startup OpenFX completed a $94 million funding round. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, among other institutions, with a post-money valuation of approximately $500 million. OpenFX provides faster, lower-cost settlement services for large cross-border transfers by using stablecoins as a bridge linking banking systems and blockchain infrastructure. OpenFX plans to expand into the Southeast Asia and Latin America markets using the funds raised in this round. (Source: ODAILY)

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